Alpha Natural falls 3% on lower coal output

SteveGelsi

NEW YORK (MarketWatch) -- Alpha Natural Inc.
ANR, +11.11%
fell 3.3% in premarket trades on Monday. Late Friday, the coal producer said it'll idle production from four coal mines immediately and that two others will be idled by early next year. In addition, four other mines in Appalachia will alter work schedules or reduce the number of production crews. The Bristol, Va.-based company cited "market conditions that have decreased coal demand." Analysts at Tudor Pickering Holt said Monday the announcement is a "negative" but was expected after other coal firms have curbed production.

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